Carl Icahn is escalating his war with Occidental Petroleum. The legendary investor now wants to replace Occidental's entire 10-person board of directors, a person familiar with the matter told CNN Business. Icahn was previously only pushing to replace four members of the oil giant's board...
New York (CNN Business)A Delaware judge ruled that Tesla's board of directors must stand trial to defend chief executive Elon Musk's multibillion dollar pay package. The electric car company was sued by a shareholder in June 2018 over allegations of corporate waste and unjust enrichment. A judge on Friday denied Tesla's request to dismiss the lawsuit...
Seattle (CNN Business)When American companies talk about seeking diverse board members, they usually refer to differences in gender, ethnicity and experience. The National Center for Public Policy Research thinks they should be focused on something else: political diversity...
New York (CNN Business) -- Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up. Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City...
The two law firms that are investigating misconduct at CBS are due to deliver their report to the company's board of directors soon. The New York Times has already been ...
Walmart's big bet on India has suffered another major setback.
"USAG must build on them with a categorically fresh start at the board level," he wrote. Along with the resignations, Blackmun outlined a series of additional steps required by the Olympic Committee, including: •USAG has 12 months to replace the interim directors . •USAG "must cooperate with an ...
Facebook Twitter Instagram Why we need women right at the top By Sophie Walker Updated 2112 GMT (0512 HKT) June 8, 2016 Photos: Hillary Clinton's life in the spotlight Hillary Clinton, a former first lady, U.S. senator and secretary of state, is looking to become the country's first female President. Hide Caption 1 of 39 Photos: Hillary Clinton's life in the spotlight Before she married Bill Clinton, she was Hillary Rodham. Here she is attending Wellesley College in Wellesley, Massachusetts.....
He said that it was his hope the verdict would make a difference throughout the country. "To go from boardroom to the prospect of incarceration sends a powerful message to executives who would ignore the safety of their workers. It doesn't matter who you ...